• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

FPC’s Q3 Report Shows COVID Disruption in Biometrics Supply Chain

November 16, 2020

“…announcing the fiscal update, Fingerprints said that demand for its fingerprint sensors “remained healthy” during the quarter…”

FPC's Q3 Report Shows COVID Disruption in Biometrics Supply Chain

Disruption wrought by the COVID-19 pandemic continues to take a toll in Fingerprint Cards‘ latest quarterly update, but the company’s CEO maintains a positive long-term outlook.

Revenues for the third quarter of 2020 came in at SEK 294 million, compared to revenues of SEK 352.5 million in Q3 of 2019. The company’s operating result was a loss of SEK 4.6 million, compared to a net loss of SEK 3.4 million a year ago.

For the year to date, revenues amount to SEK 886.3 million, compared to revenues of SEK 1.077 billion in the first nine months of 2019. The company’s operating result for the year to date is a loss of SEK 39 million, compared to a profit of SEK 0.9 million in the first nine months of last year.

The changes don’t seem to have much to do with market fundamentals: in announcing the fiscal update, Fingerprints said that demand for its fingerprint sensors “remained healthy” during the quarter, but that its earnings “were negatively impacted by continued insufficient access to production capacity among the major semiconductor manufacturers.” In other words, supply chain disruption has kneecapped this year’s business.

Nevertheless, there are some bright spots. Fingerprint Cards’ side-mountable FPC1540 fingerprint sensor “is reaping huge successes in the market,” in the words of FPC CEO Christian Fredrikson. Meanwhile, the emerging biometric payment cards market has continued to materialize as FPC launched an improved version of its T-Shape sensor module for cards; and the company secured a design win with a top-tier PC maker after the third quarter, with a product launch planned for Q1 of next year.

“Our assessment is that the situation of insufficient access to production capacity will continue in the short term, but we expect ongoing changes to our product mix to, over time, contribute to improved profitability,” Fredrikson explained. “As communicated earlier, we are planning for significant volume growth in the next few years, mainly in prioritized areas outside of the mobile phone industry. For this reason, the work to continue to broaden our supplier base is very important and we have intensified our efforts to secure more suppliers of key components, within as well as outside of mainland China.”

–

November 16, 2020 – by Alex Perala

Related News

  • FPC Lowers Q2 Estimate Following COVID-19 Outbreak in VietnamFPC Lowers Q2 Estimate Following COVID-19 Outbreak in Vietnam
  • FPC to Issue Early Q1 Update Amid COVID-19 DisruptionFPC to Issue Early Q1 Update Amid COVID-19 Disruption
  • What FPC’s ‘Strained Situation’ Can Tell Us About the Future of Fingerprint SensorsWhat FPC’s ‘Strained Situation’ Can Tell Us About the Future of Fingerprint Sensors
  • FPC Finds Encouraging Trends in 2021 ResultsFPC Finds Encouraging Trends in 2021 Results
  • After Corporate Restructuring, Fingerprints to Deliver Q4 UpdateAfter Corporate Restructuring, Fingerprints to Deliver Q4 Update
  • FPC’s Q2 Results Show Impact of COVID OutbreakFPC’s Q2 Results Show Impact of COVID Outbreak

Filed Under: News, Stocks Tagged With: Biometric, biometrics, corporate updates, COVID-19, COVID-19 pandemic, Fingerprint Cards, FPC, Q3 2020, Q3 reports, Q3 updates, supply chain disruption

Primary Sidebar

Want To Deploy Biometric Access? Download This First:

The resources in this bundle will give you the know-how to choose the right biometric access for your organization.

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Highlighting Biometric Security, NC DMV Head Pushes for Mobile Driver’s License
  • NY Attorney General Takes Aim at Madison Square Garden: Identity News Digest
  • [New Sponsors Announced] Feb 15 Virtual Summit Sessions Announced: Digital ID in Healthcare, Financial Services, Travel
  • After 250% Revenue Spike, São Paulo Onboarding Startup Goes Global
  • In Pursuit of Digital ID: Identity News Digest

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics